News

Preparing for severe weather

News >>

As we enter summer, a time of more severe weather events, one insurer is prepared to help you deal with weather events like bushfire, flood and cyclone. 

They have prepared a guide to give you insight into 2013’s weather risks – including bushfires, floods and cyclones – and how they will help you if impacted by an event.

This guide is designed to help inform discussions with you to help better understand your risk and ensure you have the right level of insurance to protect your property and assets, should the worst-case scenario occur.

They have also prepared checklists and claims information to help our  customers prepare for bushfires and cyclones and minimise the risk of damage to their property and business. 
 
Contact us for a copy 

Last changed: Nov 15 2013 at 3:08 PM

Comments

  1. None Found

Add Comment

Latest News

D&O premium pool ‘must treble’ to return to profitability

A new report – called "Show Me The Money!" by insurer XL Catlin and law firm Wotton + Kearney – is the second in a series of three white papers on securities class actions and their impact on the Directors & Officers Liability (D&O) market. The main conclusion is that Directors’ and officers’ (D&O) insurance premiums are under-priced significantly and need to rise strongly to restore profitability. The main risk areas are those exposed to securities class actions, 

It says Directors & Officer's Side A, Side B and Side C cover has been chronically underpriced since at least 2011, while the frequency of class actions is increasing as more plaintiff lawyers and litigation funders enter the space.

The analysis suggests last year’s overall premium pool of about $210 million would need to increase by at least three times to establish a profitable market, if it is assumed all other factors stay unchanged.

“Recent market developments would indicate most D&O insurers are now endeavouring to restore some semblance of profitability to their portfolios after years of market losses,” the report says.

read more

75% of Cyclone Debbie claims settled

In the 6 months since Cyclone Debbie devastated Queensland and parts of northern New South Wales:

• more than 31,000 homes and business have been repaired or received settlements from their insurance company

• more than 20,000 families have had possessions replaced

• more than 4,500 motor vehicles have been repaired or new vehicles provided

• hundreds of local builders and trades have been working on properties to repair the damage and destruction caused by the cyclone

• over $5 million has been paid EACH DAY to assist local communities, residents and businesses.

read more